HCLTech wins $1.14 billion deal, shares jump 6.3%

India’s HCLTech secured a $1.14 billion deal with a major European firm, the software services exporter said on Friday, July 3, 2026.

The announcement boosted investor sentiment, pushing HCLTech shares up by as much as 6.3% during the day. The rally also lifted the broader Nifty IT index, which was up 2.7%.

The company said the multi-year contract will help it establish an AI-driven operating model for the client. The mandate covers transformation and management of the client’s global digital workplace and enterprise networks.

HCLTech stated that the deal underscores growing demand for AI-led infrastructure and workplace modernization services among large global enterprises.

The win comes amid strong momentum for Indian IT firms, with investors betting on increased technology spending driven by AI and digital transformation.